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About the company
Foresight Solar Fund Limited is a Jersey-based closed-ended investment company with a diversified portfolio of solar photovoltaics (PV) and battery storage assets. The Company’s investment objective is to provide investors with a sustainable and progressive quarterly dividend underpinned by investments in a geographically diverse portfolio of assets. It aims to deliver sustainable investment returns to investors alongside environmental, social and governance (ESG) benefits. The Company acquires ground-based, operational solar power plants. It is also permitted to invest in utility-scale battery storage systems up to a limit of approximately 10% of the gross asset value of the Company, calculated at the time of investment. Its diversified portfolio consists of approximately 61 assets with a total global peak capacity of 1.1 gigawatt (GW). Its investment manager is Foresight Group LLP.
- Revenue in GBP (TTM)14.40m
- Net income in GBP6.40m
- Incorporated2013
- Employees0.00
- LocationForesight Solar Fund Ltd28 EsplanadeSAINT HELIER JE2 3QAJerseyJEY
- Phone+44 1 534700000
- Websitehttps://fsfl.foresightgroup.eu/
Profile
| Management group(s) | Foresight Group LLP |
|---|---|
| AIC sector | Renewable Energy Infrastructure |
| ISIN | JE00BD3QJR55 |
| Launch date | 29 Oct 2013 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To provide investors with a sustainable, progressive quarterly dividend and enhanced capital value, whilst facilitating climate change mitigation and the transition to a lower carbon economy. The Company pursues its investment objective by investing in a diversified portfolio of ground-based, solar power plants and utility-scale battery energy storage systems ('BESS') predominantly located in the UK.
Managed by
| Ricardo Pineiro |
|---|
Management & contract fees
The annual management fee of 1% p.a. of NAV up to GBP 500m, NAV in excess of GBP 500m is charged at 0.9% p.a.. This is payable quarterly in arrears and is calculated based on the published quarterly NAV. The Management Agreement has an initial term of 4 years and contract terminable on a 12-months notice period.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Jupiter Fund Management PLC | 398.00m | -8.90m |
| IP Group Plc | 0.00 | -223.00m |
| Impax Asset Management Group Plc | 176.56m | 40.67m |
| Fidelity Emerging Markets Ltd | 75.73m | 56.05m |
| Foresight Solar Fund Ltd | 14.40m | 6.40m |
| Polar Capital Holdings plc | 197.59m | 40.79m |
| North Atlntc Smlr Cmpns Invtmnt Trst PLC | 97.77m | 89.13m |
| Blackrock Throgmorton Trust PLC | 95.13m | 88.42m |
| Polar Capital Global Fincls Trust PLC | 125.60m | 115.76m |
| European Opportunities Trust PLC | 111.31m | 98.45m |
| Jpmorgan European Discovery Trust PLC | 51.79m | 39.58m |
| Pacific Horizon Investment Trust PLC | 42.31m | 26.91m |
| Chrysalis Investments Ltd | 109.41m | 103.82m |
| Foresight Group Holdings Ltd | 141.33m | 26.43m |
| Blackrock Greater Eurp Invstmnt Trst PLC | 125.54m | 116.35m |
| Edinburgh Worldwide Investment Trust plc | -75.55m | -87.03m |
